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Flexible financing for modular buildings

Modular buildings are now a common sight on NHS estates around the UK as Trusts battle to meet the requirements of their patients and their staff alike. Here, Steve Bowers, founder and managing director of Solutions Asset Finance, and the company’s commercial director, Philip Green, explain ‘how flexible funding solutions can match the quality of today’s modular building technology’.

Modular buildings are increasingly being seen as a smart solution by NHS Trusts under pressure to combat growing patient waiting lists and enhance the infrastructure of their estates. As this article explores, there are many reasons why a modular approach is popular with chief executives and finance directors facing the constant challenge of delivering better patient care while working with limited budgets as the government continues its austerity-first approach to the economy.

Modular buildings are not new to the healthcare sector; in fact they have been around for over 15 years. During the past 10 years Solutions Asset Finance (SAF) has helped to deliver modular building projects for over 25 Trusts across the UK, with a funding value of over £150 million. Projects funded by SAF have enabled Trusts to add additional operating theatres, day surgery units, ward facilities, MRI and CT units, maternity complexes, laboratories, and mortuaries. Of course, with ever-increasing demand has come market maturity. Today’s modular buildings are very different to the first ones commissioned by NHS Trusts in terms of quality and flexibility.

Flexibility, quality, and speed

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Upcoming Events

The Fire Safety Event 2024

National Exhibition Centre (NEC), Birmingham
30th April - 2 May 2024

Wales regional conference, exhibition and awards dinner 2024

International Conference Centre (ICC) Newport
28th - 29th May 2024

NAHFO National Conference 2024

Crowne Plaza Newcastle Upon Tyne
3rd - 5th June 2024

Design in Mental Health 2024

Manchester Central
4th - 5th June 2024

InstallerSHOW 2024

National Exhibition Centre (NEC), Birmingham
25th - 27th June

Healthcare Estates 2024

Manchester Central
8th-9th October 2024

Access the latest issue of Health Estate Journal on your mobile device together with an archive of back issues.

Download the FREE Health Estate Journal app from your device's App store

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